Bitcoin exceeds $ 30,000 for the first time

Bitcoin continues its momentum and exceeded the $ 30,000 mark for the first time in its history. The course was reached at the beginning of the afternoon. The price tonight is $ 32,127.

Bitcoin first crossed the $ 20,000 threshold on December 16. The cryptocurrency had hit new records in recent days as it approached the $ 30,000 mark.

The recent boom in bitcoin began at the end of October with the launch of a cryptocurrency buying, selling and payment service through PayPal. In addition to this service for individuals, investment funds are increasingly interested in this asset to sudden price movements, while they have for a long time been wary.

“Many private investors do not yet dare to approach and remain on the sidelines”, emphasizes Timo Enden, director of Emden Research. Analysts at US bank JPMorgan, however, believe that “The use of bitcoin by traditional investors is only just beginning”. They compare digital currency to gold. Other reputable Wall Street bank analysts like Citi have started to follow the cryptocurrency price.

Bitcoin is not backed by any asset or the economy of any country. This sometimes explains dizzying variations. In 2017, for example, cryptocurrency started the year at less than $ 1,000. It was $ 20,000 in mid-December. It was more complicated in 2018 when it ended at just over $ 3,000.

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